Florida § 607.11931 Plan of conversion

Florida Statutes

§ 607.11931 — Plan of conversion

Florida § 607.11931

TitleXXXVI

Ch. 607FLORIDA BUSINESS CORPORATION ACT

This text of Florida § 607.11931 (Plan of conversion) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 607.11931 (2026).

Text

(1)A domestic corporation may convert to a domestic or foreign eligible entity under this chapter by approving a plan of conversion. The plan of conversion must include:

(a)The name of the domestic converting corporation;

(b)The name, jurisdiction of formation, and type of entity of the converted eligible entity;

(c)The manner and basis of converting the shares of the domestic corporation, or the rights to acquire shares, obligations, or other securities of the domestic corporation into: 1. Shares. 2. Other securities. 3. Eligible interests. 4. Obligations. 5. Rights to acquire shares, other securities, or eligible interests. 6. Cash. 7. Other property. 8. Any combination of the foregoing;

(d)The other terms and conditions of the conversion; and (e) The full text, as it will be in eff

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(1) A domestic corporation may convert to a domestic or foreign eligible entity under this chapter by approving a plan of conversion. The plan of conversion must include: (a) The name of the domestic converting corporation; (b) The name, jurisdiction of formation, and type of entity of the converted eligible entity; (c) The manner and basis of converting the shares of the domestic corporation, or the rights to acquire shares, obligations, or other securities of the domestic corporation into: 1. Shares. 2. Other securities. 3. Eligible interests. 4. Obligations. 5. Rights to acquire shares, other securities, or eligible interests. 6. Cash. 7. Other property. 8. Any combination of the foregoing; (d) The other terms and conditions of the conversion; and (e) The full text, as it will be in effect immediately after the conversion becomes effective, of the organic rules of the converted eligible entity which are to be in writing.

(2) In addition to the requirements of subsection (1), a plan of conversion may contain any other provision not prohibited by law.

(3) The terms of a plan of conversion may be made dependent upon facts objectively ascertainable outside the plan in accordance with s. 607.0120(11).